Consider the following measures: mean, median, variance, standard deviation, and percentile. (a) Which measures utilize relative position of the data values? (Select all that apply.) mean median variance standard deviation percentile (b) Which measures utilize actual data values regardless of relative position? (Select all that apply.) mean median variance standard deviation percentile

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.